Crete United Expands Illinois Presence with Acquisition of Swedberg Electric

Crete United, a leading provider of energy efficiency and mechanical, electrical, and plumbing (MEP) services, has announced the acquisition of Swedberg Electric, a commercial electrical contractor based in Sycamore, Illinois. This strategic move significantly bolsters Crete United's presence in Northern Illinois, including the lucrative Chicagoland area.

The addition of Swedberg Electric to Crete United's partner network marks a significant step in the company's expansion strategy. Mike Cox, CEO of Crete United, emphasized the importance of this acquisition, stating, "Our Chicago partner network now sets the standard for what we are cultivating at Crete United with the addition of Swedberg Electric. As we look ahead, we plan to have all key trades in focus markets."

Swedberg Electric, with its 20-year history in the region, brings a wealth of experience in comprehensive industrial and commercial electrical services. The company's expertise spans from pre-design through construction and delivery, complementing Crete United's existing service portfolio. This acquisition is expected to enhance Crete United's capabilities in energy efficiency and sustainability solutions, areas of growing importance in the commercial and industrial sectors.

Jim Swedberg, President of Swedberg Electric, expressed enthusiasm about the partnership, citing shared values and a common vision as key factors in the decision. This alignment of corporate cultures is likely to facilitate a smooth integration and potentially lead to synergies in operations and service delivery.

The acquisition is significant for several reasons. Firstly, it strengthens Crete United's competitive position in the Illinois market, particularly in the Chicago area, which is known for its robust commercial and industrial sectors. Secondly, it aligns with the growing trend of consolidation in the building services industry, where larger companies are acquiring specialized local firms to expand their service offerings and geographical reach.

For clients in Northern Illinois, this merger promises access to a broader range of services and potentially more integrated solutions for their building needs. The combined expertise of Crete United and Swedberg Electric could lead to more comprehensive and efficient energy management solutions, a critical factor as businesses increasingly focus on sustainability and energy efficiency.

As the building services industry continues to evolve, with an increasing emphasis on energy efficiency and sustainable practices, this acquisition positions Crete United to better meet these emerging market demands. It also sets the stage for potential further expansions, as indicated by Cox's statement about future plans for key trades in focus markets.